Asset Recovery Watch

ARW-210
Hosni Mubarak (Spain)
Egypt
President (1981-2011)
Spain
Location of Recovery Effort, Asset Location / Alleged Asset Location
2011
Ongoing
Art.17, Art.23
Yes
Letter of Request
United Nations Convention against Corruption
Ongoing
Investigation/Asset Tracing/Asset Restraint
$36,470,300
Ongoing

According to a December 13, 2012 press release by the National Police, EUR 28 million in financial instruments, properties in Madrid and Marbella, and luxury vehicles have been frozen.  The Spanish investigation into the assets located in Spain belonging to the former President Mubarak, his family, associates and related entities encompassed over 130 individuals.  (Source:  Cuerpo Nacional de Policia, Nota de Prensa, "La Policía Nacional ejecuta una comisión rogatoria internacional / Localizados en España 28.000.000€ en productos financieros y propiedades inmobiliarias vinculados a Hosny Mubarak," December 13, 2012.)

According to the New York Times and other sources, in May 2014, Mr. Mubarak was convicted on charge of embezzlement and sentenced to three years' imprisonment. (Source:  David Kirkpatrick, "Mubarak Gets 3 Years for Embezzlement, and His Sons Get 4," New York Times, May 21, 2014.)

Central Economic Crime Unit (Unidad Central de Delincuencia Económica); Fiscal de la Comisaría General de Policía Judicial
Perez-Llorca Law Firm (Madrid)
Central Economic Crime Unit (Unidad Central de Delincuencia Económica); Fiscal de la Comisaría General de Policía Judicial